Home Tags Finance

Tag: Finance

Squarespace is reportedly in talks to borrow up to $400 million ahead of a public listing

The website-building platform wants to secure the credit facility before pursuing an IPO in 2021 or later, Bloomberg reported.
Sequoia Capital partner and former PayPal CFO Roelof Botha

PayPal’s former finance chief says Bank of America closed his account with ‘absolutely no explanation’

Famed tech investor Roelof Botha's tweet sparked conspiracies that he may have been banned for trading bitcoin or other cryptocurrencies.
SoftBank CEO Masayoshi Son

SoftBank is reportedly close to taking over a fancy London members’ club that WeWork also wanted to rent

Their interest in Number 20, which KPMG rents for £4.1 million ($5.3 million) a year, suggests their recent troubles haven't tempered their desire for prime real estate.

These 4 Goldman Sachs charts show how hard Trump’s trade war is hitting the US and China

Goldman Sachs says the trade dispute is hitting China especially hard.

Jack Ma, Jedi, and surfing: These are the 10 juiciest details from Fast Company’s deep dive into WeWork

"We haven’t really had a torpedo below the waterline," a WeWork board member told the magazine in April.

Aramco’s IPO is set to be Saudi only after it reportedly scrapped its London roadshow

The state-owned oil titan is targeting a $1.7 trillion valuation, making it the biggest IPO in history.
Obi-Wan Kenobi performs a Jedi mind trick in "Star Wars Episode IV — A New Hope."

‘Masa is a Jedi’ — Adam Neumann reportedly compared WeWork to Amazon on the advice of SoftBank’s Son

Neumann reportedly hoped the comparison to the $900 billion company would make WeWork's astronomical valuation look affordable.

Deutsche Bank says robots are already replacing workers as it ramps up a plan to axe 18,000 jobs

The use of AI “massively increased productivity” while robots performed "680,000 hours of manual work," a Deutsche Bank executive told Financial News.
China's US treasuries have fallen during the trade war

China aims to reduce its dependence on America by ‘decoupling’ from the dollar, ANZ bank says

Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.

Trump reportedly shelved a ban on flavored e-cigarettes to avoid angering voters

President Donald Trump reportedly stalled policies to combat teenage vaping after learning they could hurt his election chances.